Banks Management and Bank Unions have signed Wage Revision Agreement today and the salient features of the Agreement is given below

MEMORANDUM OF SETTLEMENT dated 25th May 2015 between the Managements of 43 Banks as represented by the Indian Banks’ Association and their workmen as represented by the All India Bank Employees’ Association, National Confederation of Bank Employees, Bank Employees’ Federation of India, National Organisation of Bank Workers and Indian National Bank Employees’ Federation. The Salient features of the wage revision agreement is given below